2024-05-14T14:04:24+00:00 2023-06-30 350921680 CROWE LLP 231 S Bemiston Ave Suite 800 Clayton MO 63105 990 2022-07-01 316402269 The Ohio University Foundation OHIO 7405931901 PO Box 869 Athens OH 45701 Candice Casto Treasurer & CFO 2024-05-14 true Candice Casto 999009999 true Steve Lenivy P01635350 3148022000 2022 2023-04-26 12:10:37Z Lyn Redington PO Box 869 Athens OH 45701 162911119 false X www.ohio.edu/foundation X 1945 OH The Ohio University Foundation is an active partner in Ohio University's mission of education, research, and service. The Foundation provides support for financial aid, research, capital expansion, and other academic initiatives, securing for Ohio University a margin of excellence that otherwise would not be possible. 42 38 94 596 0 0 44642160 76513014 0 30742498 8029705 -205228 576434 75179430 85119153 36908054 33249286 0 9843822 10571080 174650 313927 8872086 5650801 7102722 52577327 51237015 22602103 33882138 641559157 725272249 11596827 7557924 629962330 717714325 The Ohio University Foundation was established in 1945 to support the mission of Ohio University, the first institution of higher education in the Northwest Territory. Ohio University holds as its central purpose the intellectual and personal development of its students and is well known for its outstanding faculty of accomplished teachers whose research and creative activity advance knowledge across many disciplines. During fiscal year 2023, The Ohio University Foundation received thousands of gifts totaling approximately $72 million. false false 37074250 33249286 396785 The Ohio University Foundation provides funding for many university needs including academic and instructional support, student aid, research, facilities, athletics and other academic initiatives. During fiscal year 2023, The Ohio University Foundation provided $14.8 million in support for instruction and research, $10.3 million in student aid, and $8.0 million in support of other academic initiatives. Ohio's premier scholarship programs include The Appalachian Scholar Program, The Urban Scholars Program, The Cutler Scholars Program, and many more need-based and merit-based scholarships. Significant gifts were received during fiscal year 2023 for the colleges of arts and sciences, education, engineering, and fine arts, as well as for student financial aid, nursing program facilities and many other areas. 37074250 true true false false false false true true true true true false false true true false true false false true false false true true false false true false true false false false false false false false false true false false false true true true true false false true X 166 0 true 94 true true true false false false false true true false false false false false false X 42 38 false false true false false false false true true false true true true true true true true true false false true true CA FL HI IL KY MD MA MI MN MS NH NJ NY OH OR PA SC UT WI X Candice Casto 7405931901 Ohio University Athens OH 457012979 Candice Casto Treasurer & CFO 36.0 4.0 X X 194687 0 66939 I Robert Rudy Vice Chair 4.0 X X 0 0 0 Nico Karagosian President & CEO 38.0 2.0 X X 427753 0 72040 Perry Sook Chair 4.0 X X 0 0 0 Sandra Anderson Vice Chair 4.0 X X 0 0 0 Susan Weiss Mulgrew Secretary 4.0 X X 0 0 0 Ann Gabriel Trustee 1.0 X 0 0 0 Ann Wagner Hill Trustee 1.0 X 0 0 0 Cary Cooper Trustee 1.0 X 0 0 0 Casey Christopher Trustee 1.0 X 0 0 0 Charles Ciuni Trustee 1.0 X 0 0 0 Cynthia Calhoun Trustee 1.0 X 0 0 0 Daryl Sybert Trustee 1.0 X 0 0 0 David Abram Trustee 1.0 X 0 0 0 David Levy Trustee 1.0 X 0 0 0 David Wolfort Trustee 1.0 X 0 0 0 Dennis Minichello Trustee 1.0 X 0 0 0 Diane Smullen Trustee 1.0 X 0 0 0 Dick Dickerson Trustee 1.0 X 0 0 0 Donny Harrison Trustee 1.0 X 0 0 0 Edward Chow Trustee 1.0 X 0 0 0 Eric Peterson Trustee (until Nov 2022) 1.0 X 0 0 0 Gregory Hill Trustee 1.0 X 0 0 0 Hugh Sherman Trustee and University President 4.0 36.0 X 0 485627 52059 Jacqueline Reau Trustee 1.0 X 0 0 0 Janis Jones Trustee 1.0 X 0 0 0 Jeffrey Loewy Trustee 1.0 X 0 0 0 Jeffrey Wright Trustee 1.0 X 0 0 0 Joseph Becherer Trustee 1.0 X 0 0 0 Joseph Trubacz Trustee and University's VP Finance & Admin (Until Aug 2022) 2.0 38.0 X 0 241346 34241 Karen Bailey Trustee 1.0 X 0 0 0 Mark Arnold Trustee 1.0 X 0 0 0 Mark Heil Trustee and University's VP Finance & Administration 2.0 38.0 X 0 127956 19969 Melissa Wervey Arnold Trustee 1.0 X 0 0 0 Paul Gydosh Trustee 1.0 X 0 0 0 Phyllis Kohler Trustee 1.0 X 0 0 0 R Scott Durcanin Trustee 1.0 X 0 0 0 Robert Wolfinger Trustee 1.0 X 0 0 0 Robin Smith Trustee 1.0 X 0 0 0 Stephen Muck Trustee 1.0 X 0 0 0 Thomas Anderson Trustee 1.0 X 0 0 0 Timothy Busch Trustee 1.0 X 0 0 0 William Ball Trustee 1.0 X 0 0 0 William Hilyard Trustee 1.0 X 0 0 0 Elizabeth Sayrs Provost 4.0 36.0 X 0 369624 52673 Jennifer Bowie Associate VP of Alumni Relations & Annual Giving and Exec Dir of OUAA (beg Aug 2022) 40.0 X 152781 0 21088 Maj Mirmirani Dean, Russ College of Engineering and Technology (beg July 2022) 4.0 36.0 X 0 151529 15015 Major Alston Senior Associate VP Advancement and Campaign Director 38.0 2.0 X 190015 0 64210 Mei Wei Dean, Russ College of Engineering and Technology 4.0 36.0 X 0 245413 64791 David Gaume Chief Investment Officer 36.0 4.0 X 299159 0 70616 Jessica Storm Assistant Vice President, Major Giving 40.0 X 128616 0 58380 Joseph Pauwels Associate VP, Advancement Svcs and Deputy Campaign Director 40.0 X 140964 0 60338 Kelli Kotowski Assistant Vice President, Gift Planning 40.0 X 149601 0 34976 Teri Gartland Assistant Vice President, Major Giving 38.0 2.0 X 149298 0 43419 Chaden Djalali Former Provost 0.0 40.0 X 0 219837 63132 Deborah Shaffer Former Treasurer & CFO 0.0 40.0 X 0 244112 25125 M Duane Nellis Former Trustee and Former University President 0.0 40.0 X 0 342395 41944 1832874 2427839 860955 18 true true false Silchester International Investors LLP Time Life Building 1 Bruton Street London UK W1J6TL Investment Management 324354 Hirtle Callaghan & Co 300 Barr Harbor Dr West Conshohocken PA 19428 Investment Management 279696 Ruffalo Noel Levitz LLC 5249 North Park Place NE Cedar Rapids IA 52402 Fundraising 249779 Fund Evaluation Group LLC 201 E Fifth St Cincinnati OH 45202 Investment Consultant 245219 Beach Point Capital Management 1620 26th Street Santa Monica CA 90404 Investment Management 219549 16 0 0 27961 3382438 0 73102615 11231533 76513014 0 0 0 0 0 10816923 10816923 850101 893149 -43048 0 -43048 -43048 71945225 2050000 75477287 1305156 -3532062 744844 -2787218 -2787218 50663 27961 69982 -19319 -19319 59223 46392 12831 12831 equity method investments 523000 229185 229185 Revenues from sales, services, and events 453220 325872 325872 Miscellaneous Revenue 900099 70913 70913 0 0 0 0 625970 85119153 396785 0 8209354 33249286 33249286 1330360 288579 518269 523512 7433973 1650919 990015 4793039 676150 92536 92661 490953 1026349 171808 145056 709485 104248 13584 14468 76196 23447 361 23086 154372 153222 1150 313927 313927 2936703 2936703 381121 132815 42624 205682 230339 175687 10212 44440 660810 393150 21529 246131 723435 124322 97800 501313 38211 10348 21685 6178 691249 190808 70039 430402 1035904 521651 125248 389005 20748 20748 Repairs and Maintenance 81088 4644 683 75761 125295 53752 27379 44164 51237015 37074250 5290679 8872086 0 41067678 32281131 18699306 66846241 864854 1190081 0 0 0 61871 51458 508003 262339 4532035 970107 5005180 3561928 448588512 476804054 104635555 134620119 0 22128198 9654898 641559157 725272249 1285129 921229 0 0 0 0 0 0 1398156 1299584 0 8913542 5337111 11596827 7557924 X 128979120 143746303 500983210 573968022 629962330 717714325 641559157 725272249 X 33882138 53349555 81000 439302 X false true X true false X 22260645 18457183 43040522 40154634 72898526 196811510 0 0 22260645 18457183 43040522 40154634 72898526 196811510 70851349 125960161 14625180 11712673 8810611 10115322 11896209 57159995 0 0 0 0 0 0 79815 31806 10478 39513 50663 212275 254183780 24097654 0.4955 0.5668 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 79815.0, COLUMN B - 31806.0, COLUMN C - 10478.0, COLUMN D - 39513.0, COLUMN E - 50663.0, COLUMN F - 212275.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1402833 X X false false true X 516391096 9464119 54333687 18509608 8028187 553651107 597273383 13888864 -67266330 19682520 7822301 516391096 468175495 16541037 140646927 20014559 8075517 597273383 473768166 6985640 11008793 15728680 7858424 468175495 463745552 13916885 20018214 16084119 7828366 473768166 0.2863 0.7136 0.0001 false false 831741 831741 2060111 764196 1295915 0 0 0 90183 58744 31439 1550000 147167 1402833 3561928 6184880 F Diversifying Strategies 23453139 F Hedged Equity 15744617 F Private Debt 25859750 F Private Equity 53720222 F Private Real Assets 9657511 F Private Real Estate Fund Hedge Fund 134620119 Due to Affiliate - Ohio University 1604300 Annuities payable 899418 Charitable trusts obligations 1616889 Other liabilities 1216504 5337111 X Schedule D, Part IV, Line 2b Explanation of escrow agreement The Foundation holds working capital for The Ohio University Inn, Inc., cash balances on behalf of alumni networks and societies, certificates of deposit on behalf of the Chillicothe Foundation and Russ Research Center tenant deposits. Schedule D, Part V, Line 4 Intended uses of endowment funds The Foundation's endowment includes both donor-restricted endowment funds and funds designated by the board of trustees as quasi-endowments. The Foundation has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs supported by its endowment while seeking to maintain the long-term purchasing power of the endowment assets. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Internal Revenue Service has determined that the Foundation is an exempt organization under Section 501(c)(3) of the Internal Revenue Code, except for taxes on unrelated income. The provision for income taxes for the Inn, a for-profit corporation, including deferred tax expense, totaled $18,825 and $27,412 for the years ended June 30, 2023 and 2022, respectively. The provision is primarily comprised of federal and city taxes. Of these amounts, $(17,268) and $20,446 represent current income tax (recovery) expense for the years ended June 30, 2023 and 2022, respectively. The deferred taxes are a result of differences between book and tax depreciation and are presented as long-term other liabilities on the statements of financial position. There are no income taxes on the Russ LLCs or the Real Estate LLC as they are disregarded entities. Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Foundation and to recognize a tax liability if the Foundation has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS or other applicable taxing authorities. Management has analyzed the tax positions taken by the Foundation and has concluded that as of June 30, 2023 and 2022, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the consolidated financial statements. The Foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes that it is no longer subject to income tax examinations for years prior to June 30, 2020. Central America and the Caribbean 0 0 Investments 87124293 Europe (Including Iceland and Greenland) 0 0 Investments 2359580 0 0 0 0 0 0 89483873 0 89483873 true false true false true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual X X X X X X true Ruffalo Noel Levitz LLC 5249 North Park Place NE 1061 Cedar Rapids IA 52402 Fundraising false 48403 313927 -265524 48403 313927 -265524 CA CO CT DC FL GA AL HI IL KS KY LA ME AK MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA AR WA WV WI DUBLIN OPEN HCOM GOLF OUTING 35271 16021 19250 12495 18078 277 COB SAF NETWORKING 11700 11700 1608 10666 2995 804 5 31653 11940 19713 2146 5285 11998 390 3240 78624 27961 50663 14641 6893 40742 3385 4321 69982 -19319 Schedule G, Part I, Line 2b(vi) Amount paid to (or retained by) the organization As indicated in schedule G, the telephone fundraising program generated $48,403 in revenues during the year, versus costs of $313,927. The landscape for phonathon and the value/ROI for telephone fundraising continues to change. The Foundations current vendor, RNL, is adapting to these changes as well. They are offering digital engagement services along with telephone services. In order to maximize the Foundation's impact with this program, callers participated in an on-campus, in-person environment during fiscal year 2023 in an effort to attain more donors and higher dollars through this program. The Foundation continues to review the annual giving program and explore ways to leverage the contract for maximum results. Schedule G, Part I, Line 2b Professional Fundraiser The telemarketing services agreement between Ruffalo Noel Levitz LLC (RNL) and Ohio University provides for a year-round, on-site telephone fundraising program. Calling campaigns occur over the fall and spring semesters, with callers working from Ohio University's campus. The agreement is set up so that RNL completes a set amount of program calling hours for the year, and the contract cost includes caller wages and the company's management fee. The program also includes program set-up and consulting, data services, writing services, subscription services, pledge reminder services, thank you emails, and text message campaigns. Revenue streams and cost factors: Prior to the start of calling, RNL provided data enrichment services for mailing addresses, phone numbers (cell and land line), and email verification services. In total, this represents updates to up to 975,000 points of contact information data for OHIO's alumni, improving data quality and contact rates for all channels within the Annual Giving program. Other considerations: As part of the telephone fundraising program, thousands of calls and solicitations are completed each fiscal year. There is a distinct, intangible and long-term value in connecting with alumni. For many alumni, a call from the phonathon is the only direct opportunity they have to speak with an Advancement representative. These calls are an opportunity to thank alumni for past giving, share University priorities, and invite them to give and be involved. The return on investment of a phone program is spread across years: In a study conducted by an independent group, the foundation established the following data and trend lines for Ohio University donors who eventually gave $10,000: i) before making their $10,000 gift, they first participated in 9 to 13 annual fund years; ii) they made a gift in 7 out of 10 fiscal years just prior to making their $10,000 gift; iii) 61% of all donors who made a $10,000 gift made a first gift of $50 or less; iv) 38% of all donors who made a $10,000 gift made a first gift of less than $25. This research shows that in order to move alumni through the donor pipeline into major gifts, they need to be long-time, consistent donors to the university - but their giving starts at moderate levels. The phonathon program through RNL plays an important role in the long-term health of Ohio University's donor pipeline. In addition, in fiscal year 2023, RNL supported other Annual Giving campaigns through targeted emails, direct mail pledge reminders, and a text message program. Text messaging represents a channel not utilized by Annual Giving through any other tool, and research shows that compared to other channels (e.g. email, direct mail), text messages result in significantly higher open/read rates. This service provided by RNL represents a significant step forward in reaching alumni in a new, efficient way. true Ohio University Cutler Hall 108 Athens OH 45701 316402113 SECTION 115 33249286 INSTRUCTION, EDUCATION, ETC. 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. The Foundation was established to solicit and receive gifts and contributions for the benefit of Ohio University and to ensure that funds and property received are applied to the uses specified by the donors. As such, amounts reported in Schedule I, Part I, reflect financial support that the Foundation provides to the University for scholarships, academic programs, research, facilities, faculty and other initiatives of the University. X true true X X false false false false false false false false false Nico Karagosian President & CEO 323153 0 95000 0 9600 0 32826 0 39214 0 499793 0 0 0 Candice Casto Treasurer & CFO 192687 0 2000 0 0 0 28280 0 38659 0 261626 0 0 0 Hugh Sherman Trustee and University President 0 485627 0 0 0 0 0 24834 0 27225 0 537686 0 0 Joseph Trubacz Trustee and University's VP Finance & Admin (Until Aug 2022) 0 225115 0 0 0 16231 0 26342 0 7899 0 275587 0 0 Elizabeth Sayrs Provost 0 369624 0 0 0 0 0 25314 0 27359 0 422297 0 0 Mei Wei Dean, Russ College of Engineering and Technology 0 245408 0 5 0 0 0 25635 0 39156 0 310204 0 0 Major Alston Senior Associate VP Advancement and Campaign Director 179827 0 2000 0 8188 0 26421 0 37789 0 254225 0 0 0 Jennifer Bowie Associate VP of Alumni Relations & Annual Giving and Exec Dir of OUAA (beg Aug 2022) 150626 0 2000 0 155 0 21088 0 0 0 173869 0 0 0 Maj Mirmirani Dean, Russ College of Engineering and Technology (beg July 2022) 0 137779 0 0 0 13750 0 14798 0 217 0 166544 0 0 David Gaume Chief Investment Officer 299159 0 0 0 0 0 32827 0 37789 0 369775 0 0 0 Joseph Pauwels Associate VP, Advancement Svcs and Deputy Campaign Director 138869 0 2095 0 0 0 20934 0 39404 0 201302 0 0 0 Teri Gartland Assistant Vice President, Major Giving 147298 0 2000 0 0 0 17843 0 25576 0 192717 0 0 0 Jessica Storm Assistant Vice President, Major Giving 126616 0 2000 0 0 0 19784 0 38596 0 186996 0 0 0 Kelli Kotowski Assistant Vice President, Gift Planning 147601 0 2000 0 0 0 21338 0 13638 0 184577 0 0 0 M Duane Nellis Former Trustee and Former University President 0 342395 0 0 0 0 0 20687 0 21257 0 384339 0 0 Chaden Djalali Former Provost 0 217557 0 2280 0 0 0 23726 0 39406 0 282969 0 0 Deborah Shaffer Former Treasurer & CFO 0 216181 0 0 0 27931 0 25098 0 27 0 269237 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use The University provided a housing allowance for Joseph Trubacz for support of his personal residence and in his capacity as Vice President of Finance and Administration for the University. The University provided a residence for personal use for Mark Heil in his capacity as Vice President of Finance and Administration for the University. These benefits are reported as taxable compensation. Schedule J, Part I, Line 3 Method for establishing compensation The University's process for establishing the compensation for President and CEO, Nico Karagosian, included contracting with an executive search firm that provided a compensation analysis based on review of similar sized organizations and positions. In addition, CUPA-HR data was reviewed for similar positions at other public universities in Ohio, in the Mid-American Conference, and in an aspirational peer group. Compensation was set at a level commensurate with those comparisons, taking into consideration Ohio University's size and complexity in comparison with the other institutions examined. In addition, the employment contract was reviewed and approved by University General Counsel. X 340943 Market value X 31045 Market value X 133 1440210 Market value X 2 4126 Market value X 5 12869 Market value X Courseware 1 12587 Market value X Software Licenses 3 9389753 Market value 2 false true false Schedule M, Part I Explanations of reporting method for number of contributions Books and publications - Number of contributions Clothing and household goods - Number of contributions Securities - Publicly traded - Number of contributions Food inventory - Number of contributions Drugs and medical supplies - Number of contributions Other - Courseware - Number of contributions Other - Software Licenses - Number of contributions Form 990, Part V, Line 2a Common paying agent for employees Ohio University (OU) (EIN 31-6402113) is the common paying agent for Ohio University Foundation (OUF). Therefore, all applicable IRS tax compliance filings are reported by OU on behalf of OUF. The number of W-2s reported on Form W-3 by OU was 12,703, of which the number of W-2s reported and filed for 2022 by OU for OUF was approximately 94. Form 990, Part V, Line 1a Common Paying Agent for Independent Contractors Ohio University (OU) (EIN 31-6402113) is the common paying agent for Ohio University Foundation (OUF). Therefore, all applicable IRS tax compliance filings are reported by OU on behalf of OUF. The number of 1099s reported on Form 1096 by OU on behalf of OUF was 166. Form 990, Part VI, Line 15a PROCESS TO ESTABLISH COMPENSATION OF TOP MANAGEMENT OFFICIAL The Ohio University Foundation is a component unit of Ohio University (the University) and compensation is established by the University. The University's process for establishing the compensation for President and CEO, Nico Karagosian, included contracting with an executive search firm that provided a compensation analysis based on review of similar sized organizations and positions. In addition, CUPA-HR data was reviewed for similar positions at other public universities in Ohio, in the Mid-American Conference, and in an aspirational peer group. Compensation was set at a level commensurate with those comparisons, taking into consideration Ohio University's size and complexity in comparison with the other institutions examined. In addition, the employment contract was reviewed and approved by University General Counsel. Form 990, Part VI, Line 15b PROCESS TO ESTABLISH COMPENSATION OF OTHER OFFICERS OR KEY EMPLOYEES THE OHIO UNIVERSITY FOUNDATION IS A COMPONENT UNIT OF OHIO UNIVERSITY (THE UNIVERSITY) AND COMPENSATION IS ESTABLISHED BY THE UNIVERSITY. THE UNIVERSITY'S PROCESS FOR ESTABLISHING THE COMPENSATION FOR TREASURER & CFO CANDICE CASTO, AND OHIO UNIVERSITY PRESIDENT HUGH SHERMAN INCLUDED A REVIEW OF CUPA-HR DATA FOR SIMILAR POSITIONS AT OTHER PUBLIC UNIVERSITIES IN OHIO, IN THE MID-AMERICAN CONFERENCE, AND IN AN ASPIRATIONAL PEER GROUP. COMPENSATION WAS SET AT A LEVEL COMMENSURATE WITH THOSE COMPARISONS, TAKING INTO CONSIDERATION OHIO UNIVERSITY'S SIZE AND COMPLEXITY IN COMPARISON WITH THE OTHER INSTITUTIONS EXAMINED. IN ADDITION, THE EMPLOYMENT CONTRACT WAS REVIEWED AND APPROVED BY UNIVERSITY GENERAL COUNSEL. A COMPENSATION STUDY CONDUCTED DURING FISCAL YEAR 2021 CONFIRMED THAT THIS COMPENSATION IS STILL ALIGNED WITH NATIONAL AVERAGES OF SIMILAR SIZED ORGANIZATIONS AND POSITIONS Form 990, Part VI, Line 4 Significant changes to organizational documents In fiscal year 2023, The Ohio University Foundation made updates to the Code of Regulations, as follows: First, Leadership of the Foundation has, in practice, nominated and advanced a slate of officers for consideration by the Foundation Trustees - in consultation, as needed, with the President of Ohio University - during its regular annual meeting. Also, the Membership Committee of the Foundation has, in practice, proposed new Trustees for election to membership during the Foundation's regular annual meeting. The Foundation's Code of Regulations was revised in November 2022 to formally codify these two practices, which have already been in place for a number of years. Second, the Foundation's Code of Regulations provides that the Board of Trustees may grant Emeritus/ta status to an elected Trustee who has completed nine (9) years of service or to a member of the University's Administrative Staff who has served as an Ex-Officio Trustee. The Foundation's Code of Regulations was revised in June 2023 to add the following: "Under special or extraordinary circumstances, the President & CEO or Chair may recommend that Emeritus/ta status be awarded to an elected Trustee who does not meet this criterion. Such recommendation will be reviewed by the Executive Committee, which, if accepted, may be advanced to the Membership Committee for approval." Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 AND SUPPLEMENTAL SCHEDULES WERE REVIEWED BY THE ORGANIZATION'S MANAGEMENT AND AUDIT COMMITTEE, THEN PROVIDED TO EACH MEMBER OF THE GOVERNING BODY PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy The conflict of interest policy for The Foundation covers all members of the Board of Trustees. The policy requires that all potential conflicts be presented to the Chairperson of The Foundation for purposes of review and possible remedial or management action, including the removal of a trustee, and further requires such conflicts be updated annually. Remedial or management action could include, but not be limited to, full disclosure, refusal and abstention in discussions and votes, and ending of the conflict of interest circumstances. In cases where an actual or potential conflict of interest cannot be resolved by remedial or management action, the Trustee will be removed from his/her position. Form 990, Part VI, Line 19 Required documents available to the public Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. Governing documents and conflict of interest policies are not routinely made available to the public at this time. However, the Foundation's audited financial statements are available to the public via a website maintained by Ohio University. Also, as the Foundation is affiliated with Ohio University, which is subject to Ohio's public records law, the Foundation's financial statements, governing documents, and conflict of interest policies are made available in response to appropriate public records requests. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in value of split interest agreements - 1614535; Uncollectible pledges written off - -1175233; Fritz J and Dolores H Russ Holdings LLC Ohio University 50 University Terrace Athens OH 45701 Real Estate OH 0 322278 The Ohio University Foundation Russ Research Center LLC Ohio University 50 University Terrace Athens OH 45701 R&D OH 999970 3655480 Fritz J and Dolores H Russ Holdings LLC Russ North Valley Road LLC Ohio University 50 University Terrace Athens OH 45701 Real Estate OH 0 0 Fritz J and Dolores H Russ Holdings LLC Russ Center North LLC Ohio University 50 University Terrace Athens OH 45701 Real Estate OH 427513 0 Fritz J and Dolores H Russ Holdings LLC Ohio University Foundation Real Estate LLC Ohio University 50 University Terrace Athens OH 45701 Real Estate OH 371778 2998554 The Ohio University Foundation Ohio University Cutler Hall Room 108 Athens OH 45701 316402113 University OH NA false The Sugar Bush Foundation 50 University Terrace Athens OH 45701 204352434 Supporting Foundation OH 501(c)(3) Type I The Ohio University Foundation true Inn-Ohio of Athens Inc 331 Richland Avenue Athens OH 45701 311190088 Hotel/Conference OH NA C Corporation 3418398 7237065 1 true Scholarship Trust Fund OUF PO Box 869 Athens OH 45701 206887884 Provide Scholarships OH NA Trust true Charitable Remainder Trust (CA-1) N/A CA NA Trust true Charitable Remainder Trust (FL-1) N/A FL NA Trust true Charitable Remainder Trust (MD-1) n/a MD NA Trust true Charitable Remainder Trust (MO-1) n/a MO NA Trust true Charitable Remainder Trust (OH-10) N/A OH NA Trust true false true true false false false false false false true false true true true true true true true true The Sugar Bush Foundation C 307341 Cash The Sugar Bush Foundation L 61468 Cash OHIO UNIVERSITY B 33249286 FMV OHIO UNIVERSITY C 3075097 FMV